alt Hacker NewsI never considered how a street with lots of cool shops could create value for homeowners and commercial real estate owners without necessarily creating value for the businesses that were responsible for making it cool.
I don't think that any of the suggested solutions would work, as they all involve the government and taxation - which can only destroy value, IMHO.
Creating a cool vibe certainly has value and can contribute to price appreciation in the community, but ultimately capitalism is not based upon creating vibe but upon selling products and services.
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>as they all involve the government and taxation - which can only destroy value, IMHO.
My government and taxation provides the police, the courts, the schools, the roads, the sewers, the power, etc. Seems like a little bit of a value add.
You’re very close to asking whether capitalism leads to the best quality of life, if you think of quality as going beyond the availability of products and services.
People who grew up in Soviet-era poverty of course see this differently than comfortable middle class people who feel alienated by soulless suburbia.
I think the article could be read as a way to reconcile the two.